Is 2019 the year you’re finally going to buy that vacation home on the Crystal Coast? Is this the year you’re going to stop paying for hotels, stressing about booking weeks in advance, and maybe even make a little side income in rentals? If your answer is, “YES!”, then now is your time to stop delaying.
Here are five reasons you should buy a Crystal Coast vacation home now.
Home Prices are Still Low… But Rising
Home prices are on the rise! If you wait much longer, that home of your dreams might climb out of your price range. The good news about that is that buying now is almost instant equity. Median home values in Morehead City are just $223,700 right now… with a 2.9% increase predicted over the next year.
… As Are Interest Rates
While not quite at their near-historic lows of a year or two ago, interest rates are still more than manageable. But that’s not expected to last. A strong economy means rising interest rates for banks, which in turn means rising interest rates for buyers.
There’s Less Competition
The winter months tend to be the real estate “off season”, which means a more relaxed market for you to work with. Does it also mean it might take a little longer for you to find the perfect home? Maybe, but sellers are always selling! It does, however, mean that when you do find the perfect home, you’re less likely to end up in a bidding war with another buyer.
Sellers are Eager
It’s the off season, so there are fewer buyers, and the market’s moving a little slower. For many sellers, this can be stressful, as they’re not seeing as much interest in their home. So when an interested buyer (i.e. you) does come along, they’ll likely be willing to work with you on price and contingencies if it means getting their home sold.
Escape Winter… NOW!
It may not be quite as balmy as Florida or Phoenix, but the Crystal Coast is much more moderate in the winter months than other more inland parts of North Carolina. So if you buy your vacation home now, you can bid the ice, snow, and cold good-bye and take your Crystal Coast vacation now!
Bonus: Vacationing now also means fewer tourists. You’ll probably have the whole beach to yourself!
Are You Thinking of Buying a Vacation Home on the Crystal Coast?
If you’re thinking of buying a vacation home on, or relocating to, the Crystal Coast then it’s time to contact Linda Rike Real Estate. We’re here to help you explore the area, discover its lovely communities, and find the perfect home for your needs.